Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.33 | 0.99% |
| Return on Equity (%) | ▲ | 12.37% | +1.91 | 10.46% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.55 | 2.99% |
| Efficiency Ratio (%) | ▲ | 58.56% | -7.04 | 65.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.45 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.17 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $440 | -11.19 | $451 |
| Gross Loans ($M) | ▲ | $332 | +17.51 | $314 |
| Loan Growth YoY (%) | ▲ | 87.34% | +7.60 | 79.74% |
| Total Deposits ($M) | ▼ | $376 | -14.08 | $390 |
| Shareholders Equity ($M) | ▲ | $48 | +4.24 | $43 |
| Tang. Book Value ($M) | ▲ | $34 | +4.34 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +3.88 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 87.34% | +7.60 | 79.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.28 | 0.69% |
| Allowance / Loans (%) | — | 1.10% | -0.00% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.40 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.03% | +14.03 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.82% | 2.82% | 2.85% | 2.99% | 3.05% | 3.13% | 3.22% | 3.54% |
| ▁▁▁▄▅▅▇█ | Return on Assets (%) | 0.75% | 0.73% | 0.80% | 0.99% | 1.05% | 1.08% | 1.18% | 1.32% |
| ██▇▅▅▄▂▁ | Efficiency Ratio (%) | 70.4% | 72.0% | 70.2% | 65.6% | 65.6% | 64.6% | 61.5% | 58.6% |
| ██▇▅▇▃▂▁ | Cost of Funds (%) | 2.00% | 1.98% | 1.95% | 1.85% | 1.93% | 1.79% | 1.74% | 1.68% |
| ▃▁▁██▄▄▄ | NPA / Assets (%) | 0.31% | 0.22% | 0.17% | 0.69% | 0.67% | 0.43% | 0.39% | 0.41% |
| ▃▂▁██▅▄▅ | Net Charge-Off Ratio (%) | 0.31% | 0.25% | 0.07% | 0.92% | 0.87% | 0.51% | 0.50% | 0.52% |
| ▁▄▁▄▆▇▇█ | Tang. Book Value ($M) | $27 | $30 | $27 | $30 | $32 | $33 | $33 | $34 |
| ▂▁▁▃▄▆▇█ | Gross Loans ($M) | $308 | $305 | $307 | $314 | $315 | $324 | $327 | $332 |
| ▁▁▅█▃▂▅▄ | Total Deposits ($M) | $365 | $366 | $379 | $390 | $373 | $369 | $378 | $376 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 12% |
| Agricultural | 20% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |